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AB Mobike Loan

Purpose:

For purchase of a new engine driven two wheeler.

Eligibility:


  • Employee having minimum salary of Rs.15000/pm or ITR of Rs.180000. Loan eligibility will be six months’ salary or ½ of ITR amount maximum of Rs.1.00 Lac.
  • Age : 21 to 60 years. In case of salaried persons, the loan should be repaid 3 months before the date of retirement.

    Rate of interest

    Guarantee

    Guarantee of Spouse and a person of good means.

    Loan Amount:

    Maximum Rs.1.00 Lac

    Margin :

    15% of total cost on road

    Repayment Period:

    48 months through EMI

    Prepayment Charges

    *2.25% of outstanding balance only in case of takeover.

    Processing Fee

    *Subject to Change without prior notice.